WLDN
The “I’ll take the money, thanks” trade
Willdan Group is apparently having a nice little run — but Bard Associates decided not to stick around for the encore. The fund sold 73,167 shares during the first quarter, and at average quarterly pricing, that comes out to roughly $7.74 million.
Why you should care
Big sales like this don’t always mean disaster. Sometimes a fund is just rebalancing, locking in gains, or making room for something shinier. But when a stock is already jumping, a sale like this can make you wonder whether the smart money sees less upside from here.
The investor tea leaves
A few ways to read it:
- It could be plain old portfolio housekeeping.
- It could be profit-taking after a strong move.
- Or it could be a quiet “good enough for me” vote on the stock’s near-term upside.
None of that is a smoking gun. But it is the kind of move that makes traders squint at the tape and ask, “Who’s selling into strength?”
Big picture
Willdan can keep running even if one fund headed for the exits. Still, when a position gets cut by millions, it’s worth paying attention — especially if other holders start getting ideas.